Comment on HMRC for April 2016
Mon 23 May 2016
David Brown, CEO of Marsh & Parsons, comments: "After most peaks comes a corresponding trough and with home sales front-loaded into the start of the year, were seeing a natural and understandable calming. April almost marks a fresh start, as the first month where higher rates of Stamp Duty are applicable on additional home purchases. The goalposts simply changed overnight, making it incomparable to an extremely hectic March, which was characterised by unparalleled activity from second home owners and buy-to-let investors rushing through completions.
"On an annual basis, this April also appears to fall a little short. But when taken together with March, more property sales took place over these two months in 2016 than the same period last year. It may not have been evenly distributed, but weve seen great gains in housing market activity. And its going to be first-time buyers and home movers taking the reins of buyer demand over the coming months, while the dust settles on the buy-to-let market."
HMRC Property Transactions, April 2016
- The provisional seasonally adjusted UK property transaction count for April 2016 was 84,280 residential and 10,090 non-residential transactions.
- The seasonally adjusted estimate of the number of residential property transactions decreased by 45.2% between March 2016 and April 2016.
- This months seasonally adjusted figure is 14.5% lower compared with the same month last year.